ZIM Announces Agreement with Shareholder Group

Rhea-AI Summary

ZIM (NYSE: ZIM) announced an agreement with a shareholder group led by Mor Gemel Pension, Reading Capital and Sparta 24 on December 16, 2025 regarding Board composition ahead of the Annual and Extraordinary General Meeting on December 26, 2025.

Under the agreement the shareholder group withdrew its proxy contest and position statement, and the Board approved a unified slate of ten director nominees—including all incumbents plus Ron Hadassi and Ran Gritzerstein—to be presented at the Annual Meeting. Dr. Keren Bar-Hava withdrew her candidacy and was appointed Board observer. The Board unanimously recommends shareholders vote FOR all ten nominees to support completion of the Company’s ongoing strategic review.

Positive

• Unified slate of 10 director nominees approved for Dec 26, 2025 meeting
• Shareholder group withdrew proxy contest and now supports Board slate
• Dr. Keren Bar-Hava appointed as Board observer

Negative

• None.

Key Figures

Board nominees 10 directors Unified slate for Dec. 26, 2025 Annual and Extraordinary Meeting

Meeting date December 26, 2025 Scheduled Annual and Extraordinary General Meeting of Shareholders

Countries served more than 90 ZIM global operations footprint

Customers approximately 33,000 Number of customers served worldwide

Ports served over 300 ports Global port coverage

Founded 1945 Year ZIM was founded in Israel

Proxy toll-free (800) 662-5200 Sodali & Co toll-free number for shareholder voting assistance

Price change 8.74% Move in ZIM share price prior to this news

Market Reality Check

$21.01 Last Close

Volume Volume 4,535,495 is below 20-day average 5,964,080 ahead of this announcement. normal

Technical Price 20.02 is trading above 200-day MA at 15.88.

Peers on Argus

While ZIM rose 8.74%, peers were mixed: GOGL -3.62%, DAC +0.57%, NMM +0.14%, CMRE -0.45%, CCEC +2.02%, suggesting a stock-specific move rather than a broad marine shipping trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Board communication	Neutral	-1.1%	Board filed investor presentation and letter to shareholders.
Dec 01	Dividend tax update	Neutral	-5.4%	Company detailed withholding procedures for December 2025 cash dividend.
Nov 25	Strategic review	Neutral	+13.6%	Board reported ongoing strategic review and multiple indications of interest.
Oct 30	Earnings timing	Neutral	-2.6%	Announcement of date and webcast details for Q3 2025 results release.
Sep 02	Dividend tax update	Neutral	+0.4%	Guidance on tax withholding procedures for September 2025 cash dividend.

Recent Company History

Over the past few months, ZIM’s news flow has focused on shareholder matters, dividends, and strategic review updates. On Nov. 25, 2025, the Board disclosed a strategic review following a preliminary, non-binding acquisition proposal and noted indications of interest from multiple parties. Dividend-related tax withholding updates were issued on Sep. 2, 2025 and Dec. 1, 2025. The current agreement with a shareholder group over board composition ties directly into this ongoing governance and strategic review backdrop.

Market Pulse Summary

This announcement details an agreement with a shareholder group that ends a proxy contest and supports a unified slate of 10 directors for the December 26, 2025 meeting. It reinforces continuity of the board overseeing ZIM’s ongoing strategic review. In context of recent filings updating the meeting agenda and prior shareholder position statements, investors may focus on how this alignment affects future strategic decisions, ongoing review outcomes, and any subsequent communications from the board.

Key Terms

proxy contest financial

"the Shareholder Group has agreed to withdraw its proxy contest, and ZIM's Board..."

A proxy contest occurs when shareholders try to influence a company's decisions by challenging the current management or board of directors, often by trying to gain enough support from other shareholders to make changes. It’s like a group of voters trying to sway an election by persuading others to support their preferred candidate or agenda. This process matters to investors because it can lead to significant changes in how a company is run, affecting its future direction and value.

edgar system regulatory

"An updated notice for the Annual Meeting... will be filed on the EDGAR system shortly."

The EDGAR system is the U.S. Securities and Exchange Commission’s online database that collects and publishes companies’ official filings—such as annual and quarterly reports, registration statements, and other required disclosures. For investors it works like a public filing cabinet where you can read the source documents companies must provide so you can check financial health, spot risks or changes in leadership, and verify claims before deciding to buy or sell stock.

forward-looking statements regulatory

"This press release contains, or may be deemed to contain, forward-looking statements..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

esg technical

"ZIM leverages digital strategies and a commitment to ESG values to provide customers..."

ESG stands for Environmental, Social, and Governance, which are key factors investors consider when evaluating how sustainable and responsible a company is. It involves assessing how a company manages its impact on the environment, treats its employees and communities, and operates transparently and ethically. Investors use ESG criteria to identify businesses that align with their values and have the potential for long-term success.

AI-generated analysis. Not financial advice.

HAIFA, Israel, Dec. 16, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today announced that it has reached an agreement with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd. (the "Shareholder Group") regarding the composition of the Company's Board of Directors ahead of ZIM's upcoming Annual and Extraordinary General Meeting of Shareholders scheduled to be held on December 26, 2025 (the "Annual Meeting").

Pursuant to the agreement, the Shareholder Group has agreed to withdraw its proxy contest, and ZIM's Board of Directors has approved a unified slate of ten director nominees to be presented to the shareholders at the Annual Meeting. The slate includes each of the Company's incumbent directors, as well as Ron Hadassi and Ran Gritzerstein, who will be recommended by the Board for election. An updated notice for the Annual Meeting reflecting the full slate of ten nominees will be filed on the EDGAR system shortly.

In addition, Dr. Keren Bar-Hava (CPA) has withdrawn her candidacy for election as a director and has been appointed as an observer to the Board. The Shareholder Group has also withdrawn its previously issued position statement.

Each member of the Shareholder Group, which includes Israeli institutional and retail shareholders, publicly expresses full confidence in ZIM's Board of Directors, strongly supports the Board's ongoing strategic review, and endorses the election of all ten director nominees recommended by the Board. Each member of the Shareholder Group supports and is in favor of the Company's slate at the Annual Meeting and encourages all ZIM shareholders to vote in favor of all the nominees.

Yair Seroussi, Chairman of ZIM's Board of Directors, said: "This agreement reflects strong alignment between the Board and shareholders at a pivotal moment for the Company. With broad support for the full slate of directors, the Board can remain fully focused on completing its strategic review and maximizing value for all ZIM shareholders."

ZIM's Board remains committed to acting in the best interests of the Company and its shareholders and will continue to keep shareholders informed as the strategic review progresses. The Board unanimously recommends that shareholders vote FOR all ten director nominees.

Your Vote Matters

ZIM shareholders are encouraged to vote FOR all ten director nominees to support the Board's full slate and ensure the uninterrupted completion of the Company's strategic review. Shareholders who have already voted may change their vote by submitting a new proxy using their original control number.

If shareholders have questions or require assistance in voting their shares for the Meeting, please contact the Company's proxy solicitor, Sodali & Co, at the following contact information:

Sodali & Co
Toll Free: (800) 662-5200
Brokers and Banks: (203) 658-9400
Email: ZIM@info.sodali.com 

About ZIM

Founded in Israel in 1945, ZIM is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers with innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

Forward-Looking Statements

This press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "proposed," potential" or "continue," the negative of these terms and other comparable terminology. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including under the caption "Risk Factors" in its 2024 Annual Report filed with the SEC on March 12, 2025. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.

Investors:
Sodali & Co 
ZIM@info.sodali.com 

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SOURCE ZIM Integrated Shipping Services Ltd.

FAQ

What did ZIM (NYSE: ZIM) announce on December 16, 2025 about its Board?

ZIM announced an agreement with a shareholder group to present a unified slate of 10 director nominees at the December 26, 2025 meeting.

Who are the new nominees recommended by ZIM's Board for the December 26, 2025 meeting?

The Board recommended two additions, Ron Hadassi and Ran Gritzerstein, alongside the company's incumbent directors.

What actions did the shareholder group take in ZIM's December 16, 2025 agreement?

The shareholder group withdrew its proxy contest and its position statement and publicly expressed support for the Board's slate.

How does ZIM want shareholders to vote at the December 26, 2025 Annual Meeting?

ZIM's Board unanimously recommends that shareholders vote FOR all ten director nominees to support the strategic review's completion.

What change occurred to Dr. Keren Bar-Hava's role in ZIM's December 16, 2025 announcement?

Dr. Keren Bar-Hava withdrew her candidacy for director and was appointed as a Board observer.